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Sunday, September 16, 2012

Stocks, more than housing, seen as initial QE3 winners


Stocks, more than housing, seen as initial QE3 winners

Sep 16, 2012 , 12:05 PM , from yahoo
stocks, more than housing, seen as initial qe3 winners 
WASHINGTON/NEW YORK (Reuters) - The Federal Reserve's new economic stimulus plan involves printing vast sums of money to help people buy homes, but over the next year the program could do more to boost the economy by lifting stock prices. The Fed said last week it would buy $40 billion every month in mortgage backed securities until the labor market improves substantially. The program, known on Wall Street as "QE3", will likely lower interest rates for mortgages and also help some people refinance their home loans. ...





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